On 16 May 2020, the Hong Kong government released details of their Distance Business Programme (“D-Biz”), which is designed to help Hong Kong companies adopt IT solutions that can facilitate remote working. D-Biz covers 12 categories of IT solutions and applicants can utilize the funds received to implement 3 of the 12 IT solutions outlined. As a user of online cloud accounting software and cloud HR management systems, FastLane can help your firm implement D-Biz approved projects. In this article, we will provide details on how FastLane can help with your D-Biz projects.
The implementation of online / cloud-based financial management systems falls under the scope of D-Biz funding, specifically the adoption of a computerised system to manage the financial related processes of a company. These processes include but are not limited to:
The FastLane Group utilizes Xero, an online cloud accounting software designed with small businesses in mind. As a certified Xero Platinum Partner and Xero’s Hong Kong Accounting Partner of the Year for 2019, we have a unique understanding of how Xero can improve a business.
As a cloud accounting software, Xero gives its users the unique ability to select which features they want for their unique business purposes and the platform can grow alongside a company. FastLane can assist users who are looking to adopt Xero in the following ways:
1. Xero implementation
2. Xero training
3. Data migration
Online / cloud-based human resources management systems also fall under the scope of D-Biz funding, specifically the adoption of a computerised system to manage the human resources related processes of a company. These processes include, but are not limited to:
FastLane utilizes Talenox, a cloud HR management system that offers a full suite of cloud HR solutions for SMEs. Talenox is designed to help businesses manage their payroll, leave, and other HR related processes and, by being able to integrate with Xero, helps create a one-stop solution for all of a business’s needs.
FastLane can assist applicants who are looking to adopt a cloud HR management system in the following ways:
1. Talenox Implementation
3. Data Migration
To help ensure that a project’s funds are being solely, and properly applied according to the terms of the funding agreement, an audited statement of income and expenditure detailing the whole project period is required for D-Biz projects that have an approved funding amount that exceeds HKD30,000. The audit of the statement of income and expenditure must be conducted by an independent auditor who possesses a Hong Kong CPA.
As a Hong Kong CPA licensed company, the FastLane Group is qualified to help you adhere to the audit and monitoring requirements outlined under D-Biz.
D-Biz provides a great opportunity for Hong Kong businesses to improve on their existing tools and internal workings as IT solutions make a business more efficient. To better explore how we can assist in your D-Biz application, please contact the FastLane Group for your enquiries or to receive a quote!
This article originated on https://fastlanepro.hk/how-fastlane-can-help-you-with-d-biz/